Greatest Fear for Bitcoin Holders
losing private keys and malware and hacking attempt and more important sudden drop in price
Topic: What Are Your Greatest Fears As a Bitcoin Holder? - page 52. (Read 7370 times)
"Hacking and scams remain the top risk for Bitcoin holders. Exchanges that shut down or passwords stolen from devices can easily wipe out a person’s bitcoins. Moreover, governments and central banks from various countries are starting to impose limitations on the use of cryptocurrencies.
Digital coins clearly threaten the political and economic establishment, and the regulatory environment can quickly change with the stroke of a legislative pen. Banks and governments typically use familiar language in the media, such as the need to protect consumers from new risks.
We are hearing familiar talking points from politicians who are getting pressured from the banking lobby. It seems that the root cause of the status quo’s actions in 2017 is to protect fiat currencies and traditional financial interests. Competing digital coins represent a potential end to the government’s monopoly of the monetary system." - Bitcoin.com
What are the top risks for Bitcoin holders?
Digital coins clearly threaten the political and economic establishment, and the regulatory environment can quickly change with the stroke of a legislative pen. Banks and governments typically use familiar language in the media, such as the need to protect consumers from new risks.
We are hearing familiar talking points from politicians who are getting pressured from the banking lobby. It seems that the root cause of the status quo’s actions in 2017 is to protect fiat currencies and traditional financial interests. Competing digital coins represent a potential end to the government’s monopoly of the monetary system." - Bitcoin.com
What are the top risks for Bitcoin holders?
Greatest fear would be, when all nations declared bitcoin trading as illegal.
When this happens we can't do anything about it. Bitcoin and the blockchain technology
will just be part of technology history and might just be a basis of future project, but will
not worth anything.
What I'm afraid of is hacking my account. We know that the internet is not safe and we may be robbed so we should be especially careful with downloading applications in our computers. Because others have a virus that can know all of our information. So I'm taking care of everything I do and how much I can not download the applications I do not know.
"Hacking and scams remain the top risk for Bitcoin holders. Exchanges that shut down or passwords stolen from devices can easily wipe out a person’s bitcoins. Moreover, governments and central banks from various countries are starting to impose limitations on the use of cryptocurrencies.
Digital coins clearly threaten the political and economic establishment, and the regulatory environment can quickly change with the stroke of a legislative pen. Banks and governments typically use familiar language in the media, such as the need to protect consumers from new risks.
We are hearing familiar talking points from politicians who are getting pressured from the banking lobby. It seems that the root cause of the status quo’s actions in 2017 is to protect fiat currencies and traditional financial interests. Competing digital coins represent a potential end to the government’s monopoly of the monetary system." - Bitcoin.com
What are the top risks for Bitcoin holders?
As you say hacking and scam are the most worrying things we have to fear, when we are careless we can lose all our bitcoins. Digital coins clearly threaten the political and economic establishment, and the regulatory environment can quickly change with the stroke of a legislative pen. Banks and governments typically use familiar language in the media, such as the need to protect consumers from new risks.
We are hearing familiar talking points from politicians who are getting pressured from the banking lobby. It seems that the root cause of the status quo’s actions in 2017 is to protect fiat currencies and traditional financial interests. Competing digital coins represent a potential end to the government’s monopoly of the monetary system." - Bitcoin.com
What are the top risks for Bitcoin holders?
"Hacking and scams remain the top risk for Bitcoin holders. Exchanges that shut down or passwords stolen from devices can easily wipe out a person’s bitcoins. Moreover, governments and central banks from various countries are starting to impose limitations on the use of cryptocurrencies.
Digital coins clearly threaten the political and economic establishment, and the regulatory environment can quickly change with the stroke of a legislative pen. Banks and governments typically use familiar language in the media, such as the need to protect consumers from new risks.
We are hearing familiar talking points from politicians who are getting pressured from the banking lobby. It seems that the root cause of the status quo’s actions in 2017 is to protect fiat currencies and traditional financial interests. Competing digital coins represent a potential end to the government’s monopoly of the monetary system." - Bitcoin.com
What are the top risks for Bitcoin holders?
Digital coins clearly threaten the political and economic establishment, and the regulatory environment can quickly change with the stroke of a legislative pen. Banks and governments typically use familiar language in the media, such as the need to protect consumers from new risks.
We are hearing familiar talking points from politicians who are getting pressured from the banking lobby. It seems that the root cause of the status quo’s actions in 2017 is to protect fiat currencies and traditional financial interests. Competing digital coins represent a potential end to the government’s monopoly of the monetary system." - Bitcoin.com
What are the top risks for Bitcoin holders?
My greatest fear as a bitcoin holder is if the whole cryptocurrency will be considered as scam and it will be of no value. If that happens all of our labor and time spent working to earn bitcoin and altcoins will be put to waste, for me that would be the saddest day for all crypto users.
my biggest fears as a bitcoin holder is if the price if every bitcoin falls down..and maybe the phillipines will ban the bitcoin because for me it's a great help to the future of a family. so it's frightening to think but the scary I will confuse In a scam there is still a lot of bad guys.thats why if i have a bitcoin i hold and cash out and use the money
I might be in the minority, but I'm honestly not too concerned with hacks and scams. I feel like I am adequately protected with the resources at my disposal. I am also paranoid in nature so I'd like to think I'm slightly more resistant to scams in general.
I fear factors I cannot control much more. These include countries banning crypto, technical vulnerabilities, etc. These, I cannot protect myself against, and are therefore, much more of a threat.
I fear factors I cannot control much more. These include countries banning crypto, technical vulnerabilities, etc. These, I cannot protect myself against, and are therefore, much more of a threat.
Hacking is the one that I fear the most. Hacking your wallet can wipe out all of your efforts. It is so hard to earn bitcoin these days. Holding bitcoins is a long term investment. Besides hacking, there are still barriers that may affect the holding of bitcoin like bitcoin may lose its price on the way of holding bitcoin and bitcoin may be banned.
Of course the fear of others who invest in bitcoin are losing its price, as well as in the real market investors their are always on track to keep their investments monitored.
The biggest fear for me of course when my country ban bitcoin.. if bitcoin ban by my country, I can't to earn bitcoin again, I can't access bitcointalk again, and I lost my online job.. I can't get Extra income.. so sad to imagine
For now, my biggest fear is that my country will eventually ban on bitcoin and its involvement. There will be nothing to cash-out my bitcoins then, I have been starting to look for alternatives on how to solve this problem when it happens. Hacking may happen, but you can still earn bitcoin, but if there is no place to cash out, my bitcoin will mean nothing.
My fear is missing out.
I missed out on the beginning. When I got involved Bitcoin was roughly around 700 dollars a coin. I worked hard and got up to a few Bitcoin. Then I made the biggest mistake of my life, I bet all my Bitcoins that Hilary would win the election over Trump. I bet 3 Bitcoins in order to try and gain about 2 more(so 5 total). If I bet all 3 of my Bitcoins on Trump, I would have won around 12 Bitcoins. Then Bitcoin decided to take off....Still bitter about it all!
I missed out on the beginning. When I got involved Bitcoin was roughly around 700 dollars a coin. I worked hard and got up to a few Bitcoin. Then I made the biggest mistake of my life, I bet all my Bitcoins that Hilary would win the election over Trump. I bet 3 Bitcoins in order to try and gain about 2 more(so 5 total). If I bet all 3 of my Bitcoins on Trump, I would have won around 12 Bitcoins. Then Bitcoin decided to take off....Still bitter about it all!
My biggest fear is losing my private key..
"Hacking and scams remain the top risk for Bitcoin holders. Exchanges that shut down or passwords stolen from devices can easily wipe out a person’s bitcoins. Moreover, governments and central banks from various countries are starting to impose limitations on the use of cryptocurrencies.
Digital coins clearly threaten the political and economic establishment, and the regulatory environment can quickly change with the stroke of a legislative pen. Banks and governments typically use familiar language in the media, such as the need to protect consumers from new risks.
We are hearing familiar talking points from politicians who are getting pressured from the banking lobby. It seems that the root cause of the status quo’s actions in 2017 is to protect fiat currencies and traditional financial interests. Competing digital coins represent a potential end to the government’s monopoly of the monetary system." - Bitcoin.com
What are the top risks for Bitcoin holders?
Digital coins clearly threaten the political and economic establishment, and the regulatory environment can quickly change with the stroke of a legislative pen. Banks and governments typically use familiar language in the media, such as the need to protect consumers from new risks.
We are hearing familiar talking points from politicians who are getting pressured from the banking lobby. It seems that the root cause of the status quo’s actions in 2017 is to protect fiat currencies and traditional financial interests. Competing digital coins represent a potential end to the government’s monopoly of the monetary system." - Bitcoin.com
What are the top risks for Bitcoin holders?
The only fear that I have is that other people will give in to their fears and cash out their bitcoins when terrible news comes out. Government bans and top financial heads bashing bitcoin are the main culprit. Even the unbiased(?) opinions of top websites can bring bitcoin to a low.
Hacking.this is the only fear i feel.i have put a lot of my efforts to earn those.so if they got steal i dnt knw what im gonna do
everyone will be just like you, if you hold a lot of Bitcoin in your wallet, especially if you have a business using Bitcoin, maybe many will be encouraging you to know the weakness of your wallet, but if you strengthen the email by adding 2-step verification in email you i'm sure all will be fine. "Hacking and scams remain the top risk for Bitcoin holders. Exchanges that shut down or passwords stolen from devices can easily wipe out a person’s bitcoins. Moreover, governments and central banks from various countries are starting to impose limitations on the use of cryptocurrencies.
Digital coins clearly threaten the political and economic establishment, and the regulatory environment can quickly change with the stroke of a legislative pen. Banks and governments typically use familiar language in the media, such as the need to protect consumers from new risks.
We are hearing familiar talking points from politicians who are getting pressured from the banking lobby. It seems that the root cause of the status quo’s actions in 2017 is to protect fiat currencies and traditional financial interests. Competing digital coins represent a potential end to the government’s monopoly of the monetary system." - Bitcoin.com
What are the top risks for Bitcoin holders?
Digital coins clearly threaten the political and economic establishment, and the regulatory environment can quickly change with the stroke of a legislative pen. Banks and governments typically use familiar language in the media, such as the need to protect consumers from new risks.
We are hearing familiar talking points from politicians who are getting pressured from the banking lobby. It seems that the root cause of the status quo’s actions in 2017 is to protect fiat currencies and traditional financial interests. Competing digital coins represent a potential end to the government’s monopoly of the monetary system." - Bitcoin.com
What are the top risks for Bitcoin holders?
I am thinking of two major reasons:
1. Satoshi holds 1 million Bitcoins, if Satoshi unloaded or sold all of his bitcoin, the price will go down. Even the normal users are afraid when this happens.
2. If a genius hacker found a backdoor to the blockchain and try to do double spending which will again, make the bitcoin price plummet down, happened in the past but it is resolved, after that bitcoin has no backdoors but no one knows, it might happen again.
People losing faith in the coin which will cause a price drop that can reach 0 at some point.
My greatest fear as a bitcoin holder is when the price drops down dip, we should not be carried away with increasing price because there is going to be price pullback or price correction which may prompt holders dumping it invariably crash the price, I am not pessimistic about it.
More so bitcoin is prone to hackers and this is also a disadvantage of holding bitcoin.
More so bitcoin is prone to hackers and this is also a disadvantage of holding bitcoin.
"Hacking and scams remain the top risk for Bitcoin holders. Exchanges that shut down or passwords stolen from devices can easily wipe out a person’s bitcoins. Moreover, governments and central banks from various countries are starting to impose limitations on the use of cryptocurrencies.
Digital coins clearly threaten the political and economic establishment, and the regulatory environment can quickly change with the stroke of a legislative pen. Banks and governments typically use familiar language in the media, such as the need to protect consumers from new risks.
We are hearing familiar talking points from politicians who are getting pressured from the banking lobby. It seems that the root cause of the status quo’s actions in 2017 is to protect fiat currencies and traditional financial interests. Competing digital coins represent a potential end to the government’s monopoly of the monetary system." - Bitcoin.com
What are the top risks for Bitcoin holders?
Digital coins clearly threaten the political and economic establishment, and the regulatory environment can quickly change with the stroke of a legislative pen. Banks and governments typically use familiar language in the media, such as the need to protect consumers from new risks.
We are hearing familiar talking points from politicians who are getting pressured from the banking lobby. It seems that the root cause of the status quo’s actions in 2017 is to protect fiat currencies and traditional financial interests. Competing digital coins represent a potential end to the government’s monopoly of the monetary system." - Bitcoin.com
What are the top risks for Bitcoin holders?
It is true that everyone fears hacking and deceit, but there are many more problems in terms of choosing altcoins that lead to big losses in choosing to play trading, and setting up fees or entering wallet addresses is even more frequent. only the hasty man who finally made it happen. and carelessness for those who hold the bitcoin itself ..
Hacking.this is the only fear i feel.i have put a lot of my efforts to earn those.so if they got steal i dnt knw what im gonna do
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